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Versatile block of three New Farm flats!
- 3 Beds
- 3 Baths
Situated on a 417sqm parcel of blue chip New Farm land, this unique block of three flats offers great yields and a diverse range of options for the future. It's location is one of the closest to the city that New Farm offers and is in the heart of the Brunswick Street theatre precinct which is evolving into what will be the next James Street' in years to come.
Currently returning $870 per week, there is the flexibility to have the flats fully leased, occupy one and rent the others, or change the usage altogether and purchase an entry level' New Farm canvas and renovate into a stunning single dwelling. In any case, you are buying into Brisbane's most resilient market which will only become tighter into the future.
Each flat is presented in very sound condition throughout, with great bones and lovely character features including timber floors and high ceilings. Downstairs, there is plenty of storage and a laundry with ample yard space to the rear.
All of these great features come within just 1.3km of the Brisbane GPO and literally footsteps to all that New Farm has to offer, whether it be it's vast array of dining options, transport, great schools, parks or the impending Howard Smith Wharves development, which is just 250m from the door!
Properties such as 31 Balfour Street are incredibly rare so do not miss this opportunity. Very realistic sellers have set a date for sale as 16th November as part of our Auction Under the Stars' event, to be held at the Newstead Gasometer.
417m² / 0.1 acres
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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